This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in complex molecules. It is often utilized in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce functional groups into aromatic systems. Additionally, it finds applications in material science for the synthesis of advanced organic materials, such as polymers and ligands for catalysis. Its stability and reactivity make it a versatile building block in research and industrial chemistry.